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Subscribe to this list via RSS Blog posts tagged in interest rate

Colliers International says 171 properties were set available to be purchased as mortgagee deals in the initial nine months of 2015.

This is a 52.7 per cent increase compared to the same period in 2014, which saw 112 such listings. 32 were landed properties, double the 15 listings in the first nine months of 2014.

For the first three quarters of 2015, sales totaled S$90.8 million, a hike of 54 per cent compared to the first three quarters of 2014. Rising interest rates and the increasing supply of homes for rent were key reasons for the rise in mortgagee sales.

Taken from iProperty

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BNP Paribas has proposed in a recent report that expenses of private property have not dipped fundamentally in spite of cooling measures, as designers are hesitant to lower costs because of the high cost at which land was obtained. Land has been acquired in recent years at S$400 to S$800 psf.

Prices remain elevated to ensure developer profits. BNP Paribas' report likewise recommends Singapore's lodging business sector may face oversupply from 2016 because of lower interest, including oversupply of private property, tight migration approaches and rising interest rates.

Costs are relied upon to hit the most minimal point in 2018/2019. Expert Chong Kang Ho trusts the base case situation would see the oversupply at the very least in 2020 preceding the circumstance progresses.

With proactive supply cuts and no outer stuns, BNP Paribas trusts the present oversupply cycle won't have as negative an effect as the one somewhere around 1997 and 2006.

Taken from iProperty

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Singapore’s core mortgage benchmark saw a hike on 14 September 2015 (Monday), to the highest level since 2008.

According to data released by the Association of Banks in Singapore, the three month Sibor (Singapore Interbank Offered Rate) increased from 1.07483 per cent on Thursday (10 September 2015) to 1.13100 per cent on Monday.

The rising interest rate could have an adverse impact on residential property owners, who are currently facing the problem of lower rents and resale values.

Taken from iProperty

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Banks have raised interest rates and raised loan-to-value ratio requirements as regulators strive to manage riskier investments in the housing market bubble.

In response to a price hike of 29 per cent caused by the influx of Chinese investors and low mortgage rates, banking regulators raised banks’ holding capital against mortgage losses from 17 to 25 per cent.

Banks have also reduced the maximum loan amounts along with the acceptable sources of income for borrowing applicants. While a price collapse is unlikely, stricter loan-to-value rations will deter investors and manage market growth.

Taken from iProperty

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The three-month Singapore interbank offered rate (Sibor) has expanded by 18 premise focuses to 0.6392 percent not long from now, its most noteworthy since April 2010. As per Bloomberg, refering to United Overseas Bank and Maybank Kim Eng Research, transient premium rates may make a beeline for one percent in the not so distant future as a resurgent US economy could goad the US Federal Reserve to raise getting expenses.

Vishnu Varathan, an economist at Mizuho Bank, told to Bloomberg, "Home costs may fall a further 10 percent by mid-2016, while fleeting premium rates could best one percent not long from now, multiply the level in 2014."

In spite of the fact that an ascent in Sibor would result in property costs to fall, property examiners say that a noteworthy fleeting bounce in Sibor would be expected to influence Singapore borrowers.

Wee Siang Ng, Head of Research at Maybank Kim Eng Research expects "three-month SIBOR to increment to one percent before the current year's over and two percent before the end of 2016."

As per Mr Wee, "that would at present be underneath the anxiety tried levels of 3.5 percent that the MAS obliges Singapore banks to use in their computation of obligation overhauling proportions to sanction credits."

Taken from ST Property

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Higher home advance portions are ordinary in 2015, particularly for outstandingly leveraged family units with drifting rate plans.

The comprehensible ascension is a direct result of the expected speculation rate trek in the United States that may cause a premium rate for a significant rate of hotel advances here to augmentation by twofold the rate by end-2015 and by thrice the rate come end-2016.

Data from Bloomberg exhibited that the three-month Singapore Interbank Offered Rate (SIBOR) moved from 5 January to 0.62052 each penny on 7 January. This was in the wake of expanding from the 2 January level of 0.45738.

Taken from ST Property

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